More cryptocurrencies are on their way to take over the market in 2018. The total market capitalization will see more small coins as the year progresses. This does not mean that you shouldn’t buy Bitcoin and Ethereum altogether,
it only means that it is about time that we become more receptive toward other cryptocurrencies in the market. Altcoins are cryptocurrencies that come with a wide variety of options to choose and multiple possibilities to take advantage from.
Still, there are simply too many other cryptocurrencies, and with new ICOs pouring in all the time, a final verdict on which cryptocurrencies to invest in is almost impossible. But just like in any other market, predictions and forecasts are always there to help us make some sense of the chaos, so here are some of the expected cryptocurrency trends for 2018.
This is, of course, not absolute investment advice, but only some informed opinions in accordance with the prevalent trends. This is just to remind you that a thorough investigation must still be done before you can make a decision on which cryptocurrency is going to prove to be the best for your portfolio.
Stellar Lumens (XLM)
The quickest, safest, and most stable currency in the Stellar network, Stellar Lumens is best known for its ability to be exchanged with different currencies in the same blockchain. Already on the market since 2014, XLM has demonstrated its resilience by surviving for the past four years. XLM is the cryptocurrency of the Stellar blockchain, a duo that is expected to make a lasting contribution to the market in 2018.
Ripple is also both a blockchain and a cryptocurrency. Specifically designed for cheaper and quicker transactions, Ripple is one of the best options out there for the goals of many investors. Having gained instant fame through banks and other global payment options, Ripple quickly jumped to third place amongst the largest cryptocurrencies of the world. However, it is not decentralized like many other cryptocurrencies, and this makes it less efficient. However, having recently begun a collaboration with MoneyGram, Ripple is expected to make more ripples in the global digital currency market.
With over a hundred thousand social media followers, Electroneum is the poster child of overnight success, having been around only for a little over a year. Electroneum aims to make mobile payments easier with QR code technology. With only 0.01 EN per transaction, the mining of Electroneum is not only easy but also cheap. Electroneum only has a supply of 5 billion coins but with a crystal-clear goal and a sturdy blockchain, Electroneum is expected to have a lot potential as a good investment.
The former co-founder of Ethereum designed the first science-based cryptocurrency, called Cardano, so his huge industry experience is expected to benefit the newly developed digital currency. With a limited supply in the market and an inability to mine new ones, ADA is expected to be here for the long haul.
Based in Singapore, TRX is a decentralized protocol specifically designed for data liberation, content management, and app development. With over 10 million confirmed users, and a dedicated app called Peiwo, Tron has proven itself as a unique and strong brand. Tron cannot be mined like other currencies, though, and has a huge supply, but the special development strategy by its developers, spanning over 10 years, sounds promising as a short-term investment.
In 2014, Neo was first launched in China with a different name. Back then, it was called Antshare. The blockchain is same as that of Ethereum, but Neo developers claim that they have advanced technology operating this cryptocurrency. However, the jury is still out on how much truth there is to this claim.
Developed on the Monero blockchain, Linda offers complete anonymity and a completely encrypted messaging system. Linda has grown to enormous heights in the first few weeks of the year, and we expect it to go further as the year marches on.